Gamma Resources arranges $1-million private placement

Executive Summary

• Gamma Resources announced a non‑brokered private placement of up to 8,333,334 units at $0.12 per unit, targeting gross proceeds of up to $1 million.
• Each unit includes one common share and one non‑transferable warrant exercisable at $0.18 per share for 36 months after closing.
• Proceeds will fund early‑stage development of uranium projects in Utah and New Mexico and advance the company’s proprietary rare‑earth extraction process licensed to ACDC Metals Ltd.

Key Details

• Units offered: Up to 8,333,334 units at a purchase price of $0.12 per unit.
• Gross proceeds target: $1,000,000 (subject to full subscription).
• Unit composition: 1 common share + 1 non‑transferable common share purchase warrant.
• Warrant terms: Right to acquire one additional common share at an exercise price of $0.18, exercisable for 36 months after the closing date.
• Use of proceeds: Finance early stages of uranium property investments in Utah and New Mexico; continue development of proprietary rare‑earth extraction process licensed to ACDC Metals Ltd. (Australia).
• Closing conditions: Completion subject to acceptance by the TSX Venture Exchange.

Notable Quotes

“The financing allows us to fund the early stages of the company's recent investment in uranium properties in Utah and New Mexico and continue to progress the company's efforts with respect to its proprietary rare earth element extraction process currently licensed to ACDC Metals Ltd. in Australia.” – Gabriel Alonso‑Mendoza, President & CEO, Gamma Resources Ltd.